Precinct Properties Nz Ltd & Precinct Properties Investments Ltd · NZX:PCT
Precinct Properties Nz Ltd & Precinct Properties Investments — Precinct Properties New Zealand — Shareholder Meeting (November 2022)
30 slides from Precinct Properties Nz Ltd & Precinct Properties Investments's shareholder meeting presentation, Nov 3, 2022
Slide 1: Precinct Annual General Meeting
Precinct Annual General Meeting 3 November 2022
Slide 2: Welcome
Welcome and good morning Craig Stobo, Independent Director and Chair
Slide 3: Online questions and voting
Online questions and voting • Questions can now be submitted through the webcast • Questions will be addressed at relevant time in meeting • Opening of voting
Slide 4: Board and Executive Team
Board and Executive Team Board of Directors Craig Stobo Nicola Greer Independent Director and Chair Independent Director Graeme Wong Mark Tume Independent Director Independent Director Anne Urlwin Chris Judd Independent Director Independent Director Executive Team Scott Pritchard George Crawford Ric
Slide 5: Meeting agenda
Meeting agenda • Review Precinct performance and activity • Shareholder questions and discussion. • Consider and vote on two ordinary resolutions
Slide 6: Governance
Governance •Best practice governance structures • Board succession •Established Board ESG Committee
Slide 7: Enabling growth
Enabling growth •Quality portfolio and people •Strategy is evolving •Establishment of new strategic partnership •Expected long-term value to shareholders
Slide 8: 2022 results highlights
2022 results highlights 6.51cps 7.1 year AFFO WALT +3.1% 99% Dividend Increase Occupancy Photo credit: Simon Devitt
Slide 9: Supporting our clients
Supporting our clients $8.3 million rental support provided to our clients in FY22 • included only a small amount of office-related contractual abatements Photo credit: Simon Devitt
Slide 10: ESG responses
ESG responses • Precinct has undertaken a comprehensive ESG review • Lifted targets around climate- related disclosures - focus on energy efficiency Precinct is a signatory to the World Green Building Council Net Zero Carbon Buildings Commitment Photo credit: Simon Devitt
Slide 11: Sustainable timber construction
Sustainable timber construction Flowers Building featuring a timber- frame structure
Slide 12: Current performance benchmarks
Current performance benchmarks •GRESB score of 82 −global average 74 −public disclosure level “A” •Toitū carbonzero certified •CDP results in coming months
Slide 13: FY23 dividend
FY23 dividend 6.70cps FY23 minimum dividend guidance 16 December 2022 FY23 Q1 dividend payment
Slide 14: Strong operating performance
Strong operating performance The quality of our real estate is enabling our business to grow and create value for our shareholders and partners.
Slide 15: Portfolio highlights
Portfolio highlights $108.8m Total comprehensive income after tax 99% Portfolio occupancy 13.5% Rental growth on new leases Photo credit: Simon Devitt
Slide 16: Our markets
Our markets • Strong leasing performance supports FY22 result +34,000sqm Leasing transactions completed • Demand from businesses wanting to occupy high- quality office space in Auckland and Wellington
Slide 17: Delivering on our strategy
Strategy execution Delivering • Strategic investment partnership established on our • Grow to ~$1.0 billion strategy • Building on Precinct’s portfolio • Create further long term value
Slide 18: Building on our success
Building on our success • Focus on our people • Continue to explore third-party capital • Leverage Precinct’s capabilities
Slide 19: Downtown carpark site
Downtown carpark site Precinct selected as the preferred development partner i Photo credit: Simon Devitt
Slide 20: Wynyard Quarter Stage 3
Wynyard Quarter Stage 3 • New 12-year lease to Beca • 14,000 square metres • Target 6-star Green Star and 5-star NABERSNZ
Slide 21: Deloitte Centre
Deloitte Centre • Project remains on track to complete in late 2023 • Progressing well • 86% pre-committed
Slide 22: ae a
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Slide 23: Bowen Campus Stage 2
Bowen Campus Stage 2 • 40 Bowen Street officially open • F&B operators opening January 2023 • 44 Bowen Street on schedule to complete mid-2023
Slide 24: Conclusion and outlook
Conclusion and outlook • Precinct remains well placed • Strong demand for high-quality space • Focused on progressing future opportunities • Continue to actively manage the portfolio
Slide 25: Shareholder Q&A
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Slide 26: Formal Business
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Slide 27: Resolution 1
Resolution 1 That Anne Urlwin be re- elected as a director of Precinct The Board unanimously recommend that shareholders vote in favour
Slide 28: Resolution 2
Resolution 2 That the directors be authorised to fix the remuneration of Ernst & Young as auditor for the ensuing year.
Slide 29: Voting and closure
Voting and closure •We will now proceed to a poll and conclude the meeting •The results will be announced to the NZX
Slide 30: Thank you
Thank you Thank you
Precinct Properties New Zealand — Shareholder Meeting (November 2022) on 6ix